Home / Knowledge / News / Brazil, India to push ahead on duty-free schemes for LDCs
Brazil, India to push ahead on duty-free schemes for LDCs
26
Mar '10
Brazil and India told the Committee on Trade and Development on 18 March 2010 that they are pushing ahead with commitments to provide duty-free, quota-free treatment of imports from the least-developed countries (LDCs). The Committee elected Amb. Erwidodo (Indonesia) as its chair for 2010 and re-elected Amb. Jean Feyder (Luxembourg) as chair of the Sub-Committee on Least-Developed Countries.

Brazil said that an inter-ministerial working group is finalizing implementation of the commitment made by Foreign Minister Celso Amorim at the WTO Ministerial Conference last year for duty-free, quota-free treatment for LDCs. It said that the preferential treatment will initially cover 80 per cent of the tariff lines by mid-year, and will be expanded to reach 100 per cent.

India said that it was the first developing country to offer duty-free, quota-free treatment to LDC exports in 2008. It said it is working to ensure that the scheme provide effective market access, noting that important LDC products are covered like cotton, cocoa, cane sugar and ready-made garments. It said that the scheme has become fully operational for 14 LDCs, and urged other LDCs to utilize this facility.

Bangladesh underlined the importance of the scheme for LDCs, and thanked Brazil and India for their update reports on their respective programmes.

Regional trade agreements

The Chair, Amb. Shree Baboo Chekitan Servansing, reported that two new regional trade agreements between developing countries had been recently notified to the Committee under the Enabling Clause. These are India's free trade agreements with Mercosur and with Afghanistan, respectively. He said that the Committee could consider these two agreements early next year.

He said that a previously-notified agreement, that between Chile and India, would be examined by the Committee this June.

Regarding notified agreements involving non-WTO members, the chair said that the WTO Secretariat is still waiting for the completion of ratification of the Pacific Islands Trade Agreement and the South Asian Free Trade Agreement, and for more data from the India-Bhutan Free Trade Agreement.

The chair also reported that the Gulf Cooperation Council notification of a customs union is the subject of informal consultations.

The chair reported good progress in informal consultations regarding a transparency mechanism for preferential trade arrangements proposed by Brazil, China, India and the United States.

India said that in the course of future consultations, it would take on board other concerns expressed by members.

Election of officers

The Committee elected Amb. Erwidodo (Indonesia) as its chair for 2010. He commended Amb. Servansing's leadership for the past three years, and pledged to maintain the high profile of the Committee in the WTO.

The Committee also elected Amb. Jean Feyder (Luxembourg) for another term as chair of the Sub-Committee on Least-Developed Countries.

World Trade Organization


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search